Corporate Governance

The composition of Board of Directors of the Corporation and its Committees are in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Boards and Committees

Mr. S. Sridhar

Chairman and Independent Director

Mr. S. Sridhar holds degree from IIT, Delhi and did his Master’s from Jamnalal Bajaj Institute of Management Studies, Mumbai. He is an eminent personality in the banking and finance industry with more than 38 years of rich experience and has held several senior positions in retail, corporate and export/import banking in his career. He is widely acknowledged as an innovative, market oriented banker and strategic thinker providing transformational leadership to the organizations he has worked with. He was the Chairman of National Housing Bank (NHB) and Central Bank of India where, he was responsible for a number of new initiatives such as the NHB Residex, Rural Housing Fund, Reverse Mortgage for senior citizens. Prior to this, he was associated with Export Import Bank of India and State Bank of India as an Executive Director. Mr. Sridhar has been a pioneer in championing the concept of affordable housing in India and contributed significantly to public policy formulation.

Mr. Nirmal Jain

Founder, IIFL Group Chairman, IIFL Holdings Limited

Mr. Nirmal Jain is Founder and Chairman of IIFL Holdings Limited. Coming from a family of commodity traders in Rajasthan, trading was in his blood. The IIM-Ahemdabad alumni, a rank holding Chartered Accountant and a Cost Accountant began his career in 1989 with Hindustan Lever’s Commodity export business. He floated a financial research and business information firm Probity Research which, later on, became India Infoline, one of the first independent equity research companies in India. He was instrumental in steering the Group’s foray into various businesses that have grown significantly over the years in terms of net-worth and profitability. Under his leadership, IIFL Group has emerged a dominant and diversified player in the financial services space over the past 21 years.

Mr. R. Venkataraman

Co-Promoter and Managing Director, IIFL Holdings Limited

Mr. R. Venkataraman, Co-Promoter and Managing Director of IIFL Holdings Limited. He holds a B.Tech from Indian Institute of Technology, Kharagpur and MBA from Indian Institute of Management IIM, Bangalore. He joined the IIFL group in July 1999 and has been on the Board of Directors of the Company since its inception. He has been instrumental in establishing various line of businesses over the past 18 years. He previously held senior managerial positions at ICICI Limited, including ICICI Securities, its investment banking joint venture with JP Morgan, and Barclays BZW. He worked as Assistant Vice President with GE Capital Services India in its private equity division. He has a varied experience of more than 25 years in the financial services sector.

Mr. Kranti Sinha

Independent Director Former Executive Director, LIC

Mr. Kranti Sinha holds a Master’s Degree in Arts from Agra University and after completing the post graduation in 1963, he joined Life Insurance Corporation of India in 1965 as a directly recruited officer. He has served as the Director and Chief Executive of LIC Housing Finance from 1998 to 2002 and concurrently as the Managing Director of LICHFL Care Homes (a wholly owned subsidiary of LIC Housing Finance). He retired from the permanent cadre as the Executive Director of LIC. He also served as the Deputy President of the Governing Council of Insurance Institute of India and as a member of the Governing Council of National Insurance Academy, Pune.

Mr. Monu Ratra

Executive Director & CEO

Mr. Monu Ratra is a graduate of Architecture and MBA with over 17 years of work experience in the financial services industry.. Mr. Ratra has been instrumental in growth of IIHFL’s loan book substantially during the past three years. Under his leadership, IIHFL has aspired to become key player in affordable housing segment and to serve the need of housing finance, especially, of those who are underserved or untouched. Prior to joining IIFL Group, he was associated with Indiabulls Housing Finance Limited as National Business Manager where he was responsible for setting up and building the retail home loan business along with their home equity business. Mr. Ratra has also served HDFC Ltd., ICICI Bank.